Category: Latest Stories

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Latest StoriesResidential

BPTP to Invest ₹1,100 Crore in Greater Faridabad Housing

Representative AI image NEW DELHI: BPTP is set to invest approximately ₹1,100 crore to launch a residential project in Sector 80, Greater Faridabad, with an estimated gross development value (GDV) of ₹1,800 crore. The project, named Skynest, will consist of 325 residential units spread across two high-rise towers. It will feature 3BHK and 4BHK apartment configurations, with sizes ranging from 3,185 sq ft to 3,856 sq ft. This development will be part of BPTP’s wider portfolio in the NCR, where the company has ongoing residential and mixed-use projects in Faridabad, Gurugram, and Noida. The completion of the project is planned…

IndustryLatest Stories

Vedaanta Senior Living to invest ₹200 crore in Kerala soon

Representative AI image NEW DELHI: Vedaanta Senior Living has announced plans to invest approximately ₹200 crore in Kerala over the next three years. As a part of this initiative, the company has introduced a senior living project named Eden Gardens in Ettumanoor, near Kottayam, with an initial investment of ₹50 crore. The project, spanning four acres, will feature 48 villas and around 30 apartments, with prices commencing at ₹76 lakh. This development signifies the company’s expansion in Kerala, where it already operates in Guruvayur and Kochi, with another project anticipated in Thrissur. The completion timeline for the project has not…

CommercialLatest Stories

Q1 2026 Office Completions Drop 36% Amid West Asia Tensions

Representative Image NEW DELHI: According to a report by Vestian, India’s office space completions plunged 36% quarter-on-quarter, reaching 9.7 million sq ft in Q1 2026, the lowest in a year. The slowdown can be attributed to global uncertainties, including the West Asia conflict, causing developers to adopt a more cautious stance. Cities like Bengaluru, Hyderabad, and Mumbai were significantly affected, with Hyderabad’s completions dropping to just 0.3 million sq ft from 6 million sq ft in the previous quarter. Despite this reduction in supply, office demand remained strong, with absorption increasing by 20% year-on-year to 21.53 million sq ft, driven…

Latest StoriesResidential

Bengaluru Development Body’s New Maintenance Policy Starts Next Month

BENGALURU: The Bangalore Development Authority (BDA) plans to implement a new maintenance policy for its apartment projects starting next month. This policy will apply to new developments and aims to bring existing apartments under a similar framework. Although BDA currently oversees essential services, including lifts, security, garbage disposal, and common areas, officials acknowledge the absence of a formal maintenance management and funding policy. The proposed policy will clarify the duration of the developer’s maintenance responsibility—likely one to two years—after which duties will shift to resident welfare associations (RWAs). It also aims to standardize maintenance charge calculations and collections. Currently, BDA…

InfrastructureLatest Stories

Experts urge safer, planned housing solutions in Lucknow slums

LUCKNOW: Following the tragic Vikas Nagar fire incident, urban planners and architects are calling for a major reevaluation of how informal settlements and temporary housing areas are designed and rehabilitated in the city. Experts highlight that shanty settlements often arise near significant construction sites and labor hubs, stressing the need for sustainable rehabilitation that does not displace residents from their existing socio-economic networks. “Every time there is significant construction, informal housing clusters appear as workers seek proximity to their jobs. Ignoring this reality leads to repeated tragedies. Rather than evicting or relocating families, authorities should consider in-situ redevelopment as a…

CommercialLatest Stories

Brookfield India REIT Launches Placement at ₹329.94/unit

NEW DELHI: Brookfield India Real Estate Trust (Brookfield India REIT) has commenced its institutional placement for unit subscriptions after receiving approval from unitholders earlier this month. The issue was initiated on April 16, 2026, following the approval from the issue committee of Brookprop Management Services, the REIT’s managing entity, which accepted the preliminary placement document. The institutional placement’s floor price has been established at ₹329.94 per unit, consistent with regulatory pricing criteria. Fundraising will occur through one or more tranches of institutional placements, in accordance with the Securities and Exchange Board of India (REIT) Regulations. Approval from unitholders for this…

CommercialLatest Stories

Brookfield India REIT Raises ₹2,600 Crore for Growth

MUMBAI: The International Finance Corporation (IFC), a member of the World Bank Group, in collaboration with Whiteoak Capital, HDFC Life Insurance, Axis Max Life Insurance, and PPFAS Mutual Fund, is participating in Brookfield India Real Estate Trust’s Qualified Institutional Placement (QIP) aimed at raising ₹2,600 crore, according to sources familiar with the matter. The initial issue, set at ₹2,000 crore, was increased with a 30% greenshoe option due to strong investor interest, and is expected to close this week. “The issue size was raised on Friday following enthusiastic responses from investors. Approximately 90% of the allocation went to long-only investors,…

IndustryLatest Stories

Adani Enterprises Launches Three New Hotel & Airport Units

NEW DELHI: Adani Enterprises Ltd (AEL) announced that its subsidiary has established three new wholly-owned units focusing on hotel and real estate development, part of its airport city expansion strategy. Adani Airport City Ltd, a wholly-owned step-down subsidiary, has formed Adani Navi Mumbai Airport City Ltd, Adani Guwahati Airport City Ltd, and Adani Ahmedabad Airport City Ltd. The newly formed entities will engage in real estate operations, including construction and hospitality services such as integrated restaurants, banquet facilities, and business centers, according to a regulatory filing. The subsidiaries “will be involved in real estate activities with owned or leased properties,…

InfrastructureLatest Stories

Hundreds of Illegal Extensions Removed in Gurugram Operation

File Photo GURUGRAM: Enforcement teams escalated their anti-encroachment efforts on Sunday, deploying bulldozers across DLF phases, Golf Course Road, South City, Sushant Lok, Suncity, and other upscale neighborhoods to remove illegal extensions impacting right of way. Authorities demolished hundreds of illegal structures following a stay by the Punjab and Haryana High Court on the stilt+four-floor (S+4) policy, pushing the government into strict enforcement mode. The operation was spearheaded by district town planner (enforcement) Amit Madholia, with all eight teams operating simultaneously throughout the city, targeting encroachments along internal roads. Officials noted that Sunday’s actions were more extensive and executed faster…

IndustryLatest Stories

Uttar Pradesh’s Draft Code Ties FAR to Road Width

NOIDA: The Uttar Pradesh government has released a draft unified building code aimed at significantly altering project developments in Noida, Greater Noida, Yamuna, and other industrial development areas. The new regulations propose to consolidate separate rules for each development authority into a singular comprehensive framework. They also aim to increase floor area ratio (FAR) limits across various categories, link higher FAR to the width of adjacent roads, reduce setback requirements, and eliminate height restrictions except where safety or heritage guidelines apply. The draft of the Unified Building Regulations for Industrial Development Authorities is now available for public comment on the…